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in professional sports often comes down to the smallest margins. british athletes are using military technology to stay ahead of the game. the british sports pursuit of marginal gains may have reached new heights. the olympic tae kwon do medalist is in a flight simulator. this facility is normally reserved for pilots of fighter jets, but the technology may prove useful in sports. >> making split-second decisions is what the sport is about. if we can use this technology to help us with our sports, i can see i have made amazing games -- gains. >> this form of technology could give him a winning edge. with a partnership -- they are developing a new training edge for fight and flight situation. costs tens ofse millions of pounds, and they are one of the best fighter jets in the world. but how is the state of technology like this helping the elite sporting performers? >> wind tunnels have been used by paralympic and scum a as this racing wheel promises to increase acceleration for wheelchair athletes. >> in some areas we are leading the world and you can see that with our international competitors,
are using military technology to stay ahead of the game. the british sports pursuit of marginal gains may have reached new heights. the olympic tae kwon do medalist is in a flight simulator. this facility is normally reserved for pilots of fighter jets, but the technology may prove useful in sports. >> making split-second decisions is what the sport is about. if we can use this technology to help us with our sports, i can see i have made amazing games -- gains. >> this form of technology could give him a winning edge. with a partnership -- they are developing a new training edge for fight and flight situation. costs tens ofse millions of pounds, and they are one of the best fighter jets in the world. but how is the state of technology like this helping the elite sporting performers? >> wind tunnels have been used by paralympic and scum a as this racing wheel promises to increase acceleration for wheelchair athletes. >> in some areas we are leading the world and you can see that with our international competitors, about what they say. we have a step -- we have to be a step ahead going into
's speech. the question this morning, does new technology create better jobs? we will show you the opinion piece that is prompting our question. here are a couple of ways to participate in the discussion, as usual. by phone -- make sure you mute your television or radio when you call in. you can reach us on twitter or facebook. or send journal@c-span.org us an e-mail, the e-mail address is -- or send us an e-mail, the address is journal@c-span.org. the front page this morning of t,"e washington pos the headline -- part of the reporting this morning area did president obama will be speaking on the actual anniversary day at the lincoln memorial. that is coming up on wednesday. here's the front page of the new york times and their front page photo from the march yesterday -- e froml play you mor that. comeshnology and jobs, it in an opinion peas from "the new york times," written by two economics professors. they write -- the unemployment rate is stuck at levels not seen since the early 1990s. the portion of adults working is four percentage points below its peak in 2000. our question to you
for them to see the center? guest: they can fly the simulator and they can see the technology and the jobs. f-35 has 125,000 direct and indirect jobs, building the f- 35. these are high tech aerospace jobs that will be part of our aerospace industry for years and years to come. they are building high technology avionics. they are doing things with software that make this a next- generation airplane. they are also building it for airport. we have about $50 billion of export value. host: let's talk about the history and the goals of the f- 35. what is its mission?when did it begin? guest: the program was built to recapitalize the fighter forces that are out there today. look at the last 20 years of operations, whether it is bosnia or libya. --ghter aviation enables air maritime operations and land operations. our fighter force is getting older. we have 40% less fighters after desert storm. that fighter force is getting older. today the average age is approaching 25 years old. look at the potential threat that is out there today. russia and china are working on no less than three fifth- gener
frequency trading and all of the advanced technology. the nasdaq and all of the other exchanges three weeks ago pushed back on that. they said they like the idea of the rules. but they complain that many of the rules are too vague and they complained about the cost. particularly the reporting that's involved. all of the notification they have to give to sec. sros the letters said, that many of the economic and cost assumption by commission will generate greatly by analysis. they run the risk of reallocating resources and the sci and comply ins entities, including the nasdaq and again the nasdaq, nyse, bats and all of these other exchanges, saying, wit a mint, let's pull back a little bit. meantime, we've had this debacle happen today and these rules with public comments now closed. it is still in the rule making process. perhaps could be next year before there's any other update. >> all right, scott. we want to -- we want to slip in another earnings report. aeropostle out. >> reporting an eps loss of 34 cents. analysts expected a loss of 24 cents. on revenue of $450 million. they did tell u
, and at the same time, we are learning and developing a plan and the subsequent technologies that make the plan work and work together all the systems, we are also producing the planet is integrity that overlap of production and development -- they're trying to stretch this out more so they have stretched the program out because there were so many development approach -- developmental problems, and the integration together one platform. this plane was on paper 12 years ago. never existed before. if you break those lines up, if you overlap, but we have known this for many years, it is amazing in washington and dod and congress, we learn lessons and seem to forget them and then we relearn the same kind of lessons. the definition of insanity, you know. right now they are trying to break up those lines a little bit. they are forced to get planes going. it also drives down cost to get the production line, but it also comes with enormous risk because why are you are producing planes, if you had to change the retooling, everything has to stop in it to restart all these things and then the people doing
in their car. >> connected, inspired, bold. >> technology is coming on in the next few decades may make nuclear waste obsolete. we should all hope that's the case. but right now the international atomic energy agency expects the united states alone to produce at least 32,000 tons added to the pile. my next guess has made a documentary about the nuclear waste time will will air on al jazeera. if the problem can't be solved by new technology. it's directed by michael madsen who we will see in this clip explaining what it's all about. >> i am now in this place where you should never come. we call it onkelo. onkelo means hiding place. in my time, it is still unfinished, though work began in the 20th century, when i was just a child. work would be completed in the 22nd century. along after my death. >> michael madsen joins us now from san francisco. michael quite dramatic. why did you make this film? what was it that inspired you to take on this subject? >> it was very simple that the onkelo facility as it's called which means hiding place in finnish is building something in a foolproof manner that
22. that is very serious. in the age of technology and the information age, we produce 70% of engineers. china produces 400,000 engineers. you know, this is serious stuff. we're talking about the future and our role in the future. and we need to begin to make adjustments. we need to make them quite soon. we cannot sit around and be enamored of support and entertainment and sports and glitz and glamour. i think we all get it. because we are the pinnacle nation in the world right now. have another pinnacle nation's forests. ancient egypt, greece. clinical nations. number one, no competition. going to be there forever. or so they thought. so what happened to each and every one of them? basically they became enamored with sports and entertainment and lifestyles of the rich and famous. they turned a blind eye to political corruption. they lost their moral compass and went right down the tubes. some will say that actually happened to the united states. but i think an honest assessment would demonstrate that it is already in the process of happening. the real question is can we b
to the university of south florida's tampa bay technology incubator. incubators arm entrepreneurs with the resources needed for success. with a focus on life sciences, this incubator helps scientific entrepreneurs develop companies focusing on things like cancer-detection treatments and medical devices. "it's not just a location, it's more than just a building - it's the network, it's the people, it's the support, it helps them stay on track." nurturing and consulting entrepreneurs are the main goals of a business incubator, but giving them access to investors is equally vital. this was the case for sanberg, but getting in touch with her inner business woman, was also critical. "we're a bunch of neuroscientists that got together, what they primarily helped with us the most are marketing ideas, some of the slides, business plans, executive summaries and organization of that to better our package." cities like tampa, fla, that were hit hard by the recession,are embracing incubators as a way to fuel job growth. and with most incubators focusing on technology, those jobs are professional and high-payin
, is this going to be the norm going forward? are there more acquisitions to be done in terms of technology and international? >> we are clearly going to be investing in technology. no doubt about it. now, whether it's acquisitions or our oh own capabilities, i spent monday and tuesday in our office in san bernardino, california, and we have acquired talent, the best talent in the world, the smartest in silicon valley, that i continue to be enthused. so we will invest in different ways in the area of technology. and at the same time, we're going to continue to invest in stores. we think the overlap -- having 11,000 retail stores around the world and the world's best technology -- we think produces the world's best way to serve consumers in every market, so we're going to continue to invest in both in order to serve customers with this overlap of technology and stores. >> you know, it's interesting that you mentioned -- first of all, will you take people from amazon.com? what about the talent there? >> well, we have great respect for all competitors, including amazon and other competitors. a
and water watch, these are anti-technology companies, they are fearful of innovation. all chemicals are bad. pesticides are bad. we have a green revolution that started in the 50s. the reason we have the green revolution is because of genetic modification that has occurred. these organizations really want to stop technology, and the saddest situation -- we have an example that happened just a few weeks ago in the philippines, where vandals really desecrated, vandalized rice problems of golden rice that producer beta carotene that would save about a million lives a year, and it was destroyed by these vandals and supported by green peace and organizations like center for food safety and others who want to stop the technology, because if this technology is actually released, when this is approved, it is going to be a death blow to the carping by these groups that these gmo's are unsafe. they have an anti science, anti-technology, anti-innovation, kind of a right-wing view -- >> patty aren't there lots of benefits to gmo's especially to people in poorer countries. >> we have yet to see that hap
house, they are already doing things with technology innovation. he is coming here to us -- to spotlight the kinds of things he is talking about how colleges can lower the cost and still maintain a good education. he will start here and then go to a high school in syracuse. as you mentioned, this is all part of a larger strategy based on what he calls the middle class programs. over the past several weeks he has given several speeches on different aspects of the programs. he talked about housing and of other city. he says education is the key to middle-class. are college graduate, a better class of entering the economy and making more of an income. even on top of that, he was on vacation last week, now getting back to the real grind. we're heading into september where we will look at budgets. the fiscal year ends september 30 and the temporary spending bill ends on september 30. if the president and congress cannot agree on a new spending plan, the government will shut down. i think you are also hearing him make his pitch for how we should handle the budget going forward. for the proposa
but that isn't stopping many of america's farmers from investing in the next big thing in farming, technology. >>> but first, here is a check on how the international markets closed today . >>> it looks like the website of the new york times was hacked. it was down today and the newspaper's vice president of corporate communications said the outage was most likely the result of a quote, malicious external attack. they are working to get the site up again. >>> more troubles for america's largest bank. the u.s. government is demanding $6 billion from jp morgan chase to settle allegations it misrepresented the risks of some mortgage backed securities sold to fannie mae and freddie mac before the financial crisis. later, many investments went back. in a lawsuit against jp morgan and other banks, the finance agaency said the bank over statd the ability of the borrowers to repay their mortgage loans, end quote. in this article, jp morgan is saying it will resist paying that big a penalty. >>> more good news to tell you about in housing. home prices in june shot up 12.1% from the same month last yea
japanese technology, this is not great timing for the japanese economy and export and technology. >> thank you. >>> now former egyptian president hosni mubarak has spent his first night out of prison being treated at a military hospital in cairo. a decision that's led to threats of more protests. mike hanna reports from cairo. >> reporter: a helicopter arises from the prison after hours of legal procedures has any mubarak is released, but his immediate destination is a short flight down the road. his release at this stage is very much a technical term. he will remain under house arrest in terms of the state of emergency decry issue decree ise former prime minister. a ban of leaving the country has been imposed. >> we've lost everything, now police state will return, justice will return and every negative thing will come back. >> we have a judiciary. >> reporter: mubarak is expected to be back behind bars in the courtroom on sunday when his trial on charge of complicit in the civilian deaths of the 2011 revolution resumes. on the same day leaders of the muslim brotherhood that opposed mubar
world reports. >> reporter: the l-0 uses a technology to race over long distances at superfast speeds. it's called superconducting magnetic levation. officials have just opened a new track for test runs in central japan. it's nearly 43 kilometers long. commercial service isn't scheduled to begin until 2027. once the train is up and running it will take people from tokyo to nagoya in just 40 minutes. one hour less than a bullet train trip. >> translator: i was impressed by the speed and its quietness surprised me. >> translator: the train will make it much easier to get around. i'm excited. >> translator: the l-0 will drastically change japan's economy and society. this technology will help propel japan ahead in the world. >> reporter: engineers first began working on the train nearly half a century ago. they've kept at it ever since. in 2003, a prototype reached 581 kilometers per hour, a record that still stands. special magnets hold the key to the train's speed. the l-0 has superconducting electromagnets along the outside. they make it possible for the train to levitate and raise al
need to stay on this course of putting through these technology-grounded efficiency rules for a whole range of appliances and the like. in fact, on analogies point i would raise a 2001 report from the national academy of sciences that exams d. o. e. fossil and energy efficiency port portfolio in the first twenty years. and concluded that the 22 programs the analyzed which cost about $13 billion total between '78 and 2001 yield the economic benefits of about $40 billion. so a return on investment. i think but an interesting part of the story is the study attributed -- to three efficiency programs that cost $11 million. even relatively small efficiency programs can yield results both in economic benefit and reduction of carbon emission. regoing to be strongly focused on advancing this energy efficiency agenda in multiple do main and certainly our responsibility with rulemaking i will assure you we will maintain strong pressure in this direction. another key provision of the president's climate plan districts epa to issue rules for cutting carbon emissions for new and existing power plan
, when technology breaks down it can be costly. amazon lost millions when its site went offline. nasdaq's shut down brought billions in trading to a complete halt. tonight, cramer's zeroing in on the top plays to keep your portfolio protected. >>> plus, you ask. he answers. >> i'm wondering about susq. susquehanna. >> i got to do the homework. i'm not ready to give you an answer. >> you sent cramer back to the books. now he's got the answers you need. >>> plus, jim responds to your tweets. @jimcramer #mad tweets. all coming up on "mad money." >>> don't miss a second of "mad money." follow @jimcramer on twitter. have a question? tweet cramer. #madtweets. send jim an e-mail to madmoney at cnbc.com. or give us a call at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com. when we made our commitment to the gulf, bp had two big goals: help the gulf recover and learn from what happened so we could be a better, safer energy company. i can tell you - safety is at the heart of everything we do. we've added cutting-edge technology, like a new deepwater well cap and a state-of-the-art monit
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unfree. and over some number of decades became much for your and much were democratic. >> does technology eventually make democracy inevitable? >> one of the observations that we can with actually came from me and mark. we were in the mr a little over a month ago, less than 1% as access to the unit. one of the worst decade shift in the entire world. now it's in some country and session. still very much speculative about whether its democratic transition. what was interesting about myanmar and perhaps something that shocked even us is even the less than 1% of the population has access to the internet everyone had heard of it. they understood the unit as a set of values, as a concept as an id even before they experienced it as a user or a tool. the understanding was not based on a chinese interpretation but it was not based on autocrats version. they understood in terms of its western value of the free flow of information and civil liberties. what that means to us is your 57% of the world's population living under some kind of an autocracy. what happens when they try to create an autocratic
center. hp's technology helps us turn millions of tweets, posts and stories into real-time business insights that help nascar win with our fans. i'm, like, totally not down with change. but i had to change to bounce dryer bars. one bar freshens more loads than these two bottles. i am so gonna tell everyone. [ male announcer ] how do you get your bounce? [ woman ] time for change! >> 23 minutes past the hour. hello, everybody. this is your fox news minute. the giant wildfire near yosemite national park grew by several hundred acres overnight, but that is a relatively small increase compared to recent days. it has burned more than 300 acres and containment only at 30%. the obama administration is announcing two new steps on gun control which will not require congressional approval. it will curb the impact of surplus weapons. the ministration proposing a closer loophole allowing certain weapons reregistered to corporations without background checks. gun legislation collapsed in congress earlier this year. good news for some runners, in the field at the boston marathon will be larger ne
is at the heart of everything we do. we've added cutting-edge technology, like a new deepwater well cap and a state-of-the-art monitoring center, where experts watch over all drilling activity twenty-four-seven. and we're sharing what we've learned, so we can all produce energy more safely. our commitment has never been stronger. [ agent smith ] i've found software that intrigues me. it appears it's an agent of good. ♪ [ agent smith ] ge software connects patients to nurses to the right machines while dramatically reducing waiting time. [ telephone ringing ] now a waiting room is just a room. [ static warbles ] [ female announcer ] what does beauty feel like? find out with venus embrace. every five-bladed stroke gives you 360 degrees of smooth. for goddess skin you can feel and feel. only from venus embrace. for goddess skin you can feel and feel. help the gulf when we made recover and learn the gulf, bp from what happened so we could be a better, safer energy company. i can tell you - safety is at the heart of everything we do. we've added cutting-edge technology, like a new deepwate
nascar fan and media engagement center. hp's technology helps us turn millions of tweets, posts and stories into real-time business insights that help nascar win with our fans. >>> finger pointing and name calling. that's been the game between the nasdaq and new york stock exchange since last thursday. now the federal government is demanding hard answers. >> the two exchanges are blaming one another for the destruction and now the securities and exchange commission heard enough. its head mary jo white demanding they meet september 12th to give a clear picture of exactly what happened. what's on the line at the meeting and what's the future of these exchanges? with us, david wield, former vice chairman and chris nagy, served on the board of the philadelphia stock exchange and amex option s exchanges. william. >> thank you. >> thank you. >> from your perspective, how important is the nasdaq prove it's not at fault jmplt you c? >> you can look at the structure. both at fault in some way. blaming the markets isn't particularly productive. they've become so complicated, some respects
's technology helps us turn millions of tweets, posts and stories into real-time business insights that help nascar win with our fans. like carpools... polly wants to know if we can pick her up. yeah, we can make room. yeah. [ male announcer ] ...office space. yes, we're loving this communal seating. it's great. [ male announcer ] the best thing to share? a data plan. at&t mobile share for business. one bucket of data for everyone on the plan, unlimited talk and text on smart phones. now, everyone's in the spirit of sharing. hey, can i borrow your boat this weekend? no. [ male announcer ] share more. save more. at&t mobile share for business. ♪ ♪ kneel kneeling fifty years later, what have we learned? i'm not talking about racism, i think and hope we made progress there, but government smending, under the guides of helping people, little progress there because the war on poverty, hate to break it to youings we're losing, my friend. a year after martin luther king spoke on the steps of the lincoln memorial, waste upon waste warrants its own memorial that should read "in memory of taxpayer
'm catherine kobayashi in tokyo. thanks for joining us.  - coming up, new technology and new moral challenges. - these are questions we need to think about before we have the technologies. so, we have to engage in what i call prophylactic ethics. we need to think about what this means for us. - nasa's paul root wolpe talks mind-reading, cerebral privacy, health in the space station, and more from the cutting edge of bioethics. it's just ahead on "global ethics forum." - today's guest has spent his career examining the ethics underlying tomorrow's scientific breakthroughs. as one of the nation's most prominent bioethicists, paul root wolpe encourages scientists to reconsider not only what they can do, but what they should do. dr. wolpe is the asa griggs candler professor of bioethics and the director of the center for ethics at emory university.
unveiled a newly developed technology that automatically stops a car from colliding with a bicycle. volvo's system applies the brakes when windshield cameras as well as radar and infrared ray bumper sensors find an object in front is getting dangerously close. the technology works even when a bicycle faulters in the path of a car. systems have trouble detecting fast-moving bicycles, but the company says its swifter imagery analysis by the windshield cameras helps prevent a collision. >> if we look into the data, the national data, we can see that cyclist is one of the top three fatalities in traffic. so that's why volvo now launched the cyclist detection functionality. >> the company plans to price the system at around $2,000. >>> people in china are crowding onto beaches to get some relief from the summer sun. they've been reminded for years to cover up, but these days some women are taking the advice to another level. nhk world's hiroshi hamaguchi explains. >> reporter: this beach is a popular resort spot. on sundays it attracts a couple of hundred thousands people including young group
a report. >> they use a technology developed in japan to race over long distances at super fast speeds. it's called computer lef station. they opened a track for test runs in central japan. it is 43 kilometers long. >> once the train is up and running, it will take people to tokyo in just 40 minutes. hour less than a bullet train trip. >> i was impressed by the speed and the quietness surprised me. >> the train will make it easier to get around. i'm excited. >> it will change japan's economy and -- >> in 2003, a prototype reached 581 kilometers per hour, a record that still stands. special magnets pull the key to the train's speed. the l 0 has magnets along the outside that make it possible for the train to levitate and raise along the track without losing altitude or speed. it is necessary to eliminate the resistance. the train is equipped with a cooling system. it reduces the temperature to minus 26 degrees celsius and results in 0 resistance. s ran' way technologies are among the fastest in the world. railroad executives and officials hope to take japan's expertise abroad by taking this
we can do business exporting. >> we have very hi-technology, so there's a lot of technology embodies in our products. one thing we are really good at is exporting hi-tech machines. caterpillar, tractors things like that. medical equipment. there's a lot of demand for it. >> ken, stray right where you are, in a few minutes he return to ken. we are going to exam america's crumbling infrastructure, and what the return would be on fixing it. and we will get up close and personal with big bert helicoptersa. but is it worth it. >> so you have a structure that is very much at risk. it manages over 100,000 vehicles a day. and has huge economic impacts to the region if it was to fail any further. that story and much more as real money continues. keep it here. wouldn't believe there is a farm inside of it. ♪ . >> america's infrastructure gets a d plus. according to the latest report card put owe by the american society of civil engineers. seven the roadways in particular get a d. an estimated four four% of the major highways are clogged with traffic. now the society says that the sorry state
cutting-edge technology, like a new deepwater well cap and a state-of-the-art monitoring center, where experts watch over all drilling activity twenty-four-seven. and we're sharing what we've learned, so we can all produce energy more safely. our commitment has never been stronger. over 20 million drivers are insured with geico. so get a free rate quote today. i love it! how much do you love it? animation is hot...and i think it makes geico's 20 million drivers message very compelling, very compelling. this is some really strong stuff! so you turned me into a cartoon...lovely. geico. fifteen minutes could save you fifteen percent or more on car insurance. [ beeping ] ♪ [ male announcer ] we don't just certify our pre-owned vehicles. we inspect, analyze and recondition each one, until it's nothing short of a genuine certified pre-owned... mercedes-benz for the next new owner. ♪ hurry in to your authorized mercedes-benz dealer for 1.99% financing during our certified pre-owned sales event through september 3rd. starts with freshly-made pasta, and 100% real cheddar cheese. but what ma
out there using technology. so they today halt traysing. now they are testing one stock to see if it is working. if it works they will try to get the whole system up by 3:25 eastern as we heard. trading here as been relatively normal, if you want to call it that. >> we didn't see a pick-up in volume here. it is possible to trade nasdaq listed stock at new york stock exchange. that in theory would be a back up. however there was a halt in the nasdaq listed stocks, trading just behind me. shortly after nasdaq stopped trading because nasdaq requested nyse to halt trading. there is a back up here to trade elsewhere but in reality that back up isn't working very well. by the way, there is speculation about what happened. there are two possibilities. one is potentially a hack in their system. we don't know this for sure but that's a possibility. other is i think the most likely, just a software failure. remember, these are legacy systems. nyse and nasdaq has software built upon software that goes back many years. it has to interact with old software and software with other systems. a
. this is nasdaq's second problem. it had the fiasco with the facebook offering as well. technology will always have glitches. but exchanges have to be prepared for them otherwise our capital markets are going to crumble and that's simply not acceptable. >> i want to get this right. reg sci, securities compliance and integrity. that apparently is, i don't know whether that's a promulgated rule from the sec or something being discussed but i'm told, i heard the exchanges themselves are dragging their feet. this amounts to a lot of technological change which we reported on our own bob pisani. what's up with this? is it true? have they dragged their feet and why? >> they are opposed to this because they are concerned about excessive costs. but if you are the nation's marketplace, you have an obligation to have a market with integrity. if something like this could possibly happen, you need continuous testing, not a quarterly or semiannual or yearly testing. you have to be testing all the time. you have to be upgrading your software and you need a crisis management plan for exactly what happened tod
partnered with hp to build the new nascar fan and media engagement center. hp's technology helps us turn milons of tweets, posts and stories into real-time business insights that help nascar win with our fans. and this pk is the inside of your body. see, the special psyllium fiber in metamucil actually gels. and that gelling hes to lower some cholesterol. metacil. 3 amazing benefits in 1 super fiber. ♪ connell: it has been a big-time cost associated with these wildfires. bruce about battling the wind fire near yosemite national park, they are finally making some ground. >> good morning. just a few miles away from the leading edge of the fire. 4000 firefighters are doing battle with the stubborn rim fire. this really has become an all out air assault. continuous drops of water. we were visiting with some locals along the coastline. despite erratic wind, crews have made significant progress. it has grown to 180,000 acres. gerri brown praised the firefighters who have gone through. >> we see something that we have to live with. it may think it worse in years to come. what ever it takes, i
caught flat footed with the changes, with globalization and technology. we didn't have a policy, and so all these minorities in cities, particularly, are left without jobs. he dieded, by the way, going, striking with garbage workers when he died. neil: that's right. >> he cares for average workers who in the new economy, we're caught flat footed, and so on an optimistic note, we believe in empowerment, not just a question of government spending -- >> support school choice then? >> how can we go to a new economy that's not simply low wage with the jobs that don't pay -- neil: all right, guys, i think we conclude here that at least begin our track record, the government's record on solving, it's failed. maybe it's time to reprioritize, and you offer good ideas in that regard. gentlemen, thank you. meanwhile, half a trillion dollar fine for bad bet curtesy of u.s. governments with a wale singling out an investment bank of losing money because in the end the firm made money. the government punishing it now is good at losing. ♪ and hearing everything from our marketing partners, the media
, in autos and technology, even pop culture. on the economic front, though, the country's emergence from poverty have also been noteworthy. today we're kicking off a week of special reports on the trillion-dollar economy. chloe chao reports on why the export-oriented growth model that has driven so much of south korea's successes now needs to change. >> reporter: this 35-year-old is a wife and mother in a typical working-class family. she quit her job 1 1/2 years ago to care for her three sons, all of whom are under the age of 5. with her husband's income of 6,000 u.s. dollars a month, they're just making ends meet. >> translator: both of us came into this marriage with debts of our own. and because of this, it's not easy. if we started out without any debt, i think we'd be able to save about 50% of what we earn. >> reporter: and it's families like lee es that show the economy. so much so that president park made it one of her first major initiatives. in march she announced a $1.35 billion fund to provide debt relief to korean households. >> there has been a decoupling between the growth
problem when you rely on technology. there could be a flaw in one of the systems that allow bringing down the system. dennis: i think they be reduced the chances of this having anything to do with an outside attack. >> a rather sophisticated system that they are talking about. it seemed hackers can go with a lot less sophisticated approach. >> i think that is right. especially when we are talking about china. they do not appear to be interested in, you know subverting the infrastructure. now, some nation states are known to have that kind of interest. they have been blocked in their attacks simply by and in capability to do so. there is a subculture of crime that is out there. you can hire rogues. they will conduct these attacks were relatively small amounts of dollars. spend a couple hundred thousand dollars and you could get into the most sophisticated systems in the world and cause a problem. dennis: thank you very much. cheryl: we have nicole petallides it, of course, sandra smith standing by. we are awaiting some type of statement from the nasdaq. the nasdaq is intending to reopen. i
technologies, unites technologies made the acquisition of goodrich. the airspace is on fire in the country. you default to that that's an international market that must be based here. like united technology, it's a smart company. >> street research, not too much this week. the deutsche bank upgrading dollar tree to buy to hold. sales incrementally positive on the dollar stores. you not only follow the stores you manage to get into one or two every weekend. >> i do prefer dollar tree. if you ever bought candy the a cvs or walgreens, you're a sucker. >> is that significant? >> if you buy readers, i can't see a thing, you're playing full praise. you go there, they're a fraction. >> the stock's up so much. what could happen there? >> the board is all up, you've got a standstill expiring or expiring. there's continued chatter, could you see, could you try to force a deal between family dollar and dollar tree. >> dollar tree had good numbers last week. >> dollar general. >> dollar general, frankly a buyback king. they have -- they spin -- >> walmart have any interest? >> walmart? >> i'm not saying an
, it is not a downer. >> although on the technologies we saw yesterday reported by the journal 660% of the ipos here have been tech-related which is not a reflection of a great deal of excitement. >> well, i bridle at that, because i think that biotech should be considered tech, and b biotech is the hottest year i can remember. a lot of the biotech companies came public and found people suspicious saying that people will buy anything. >> we are not there yet. >> no? >> really? the ipos that we have looked at, it does not appear that the quality of them has diminished anywhere near the level that we saw where you could put zseven sentences on paper and then open up public. >> and the perkulation of the stocks, and if you want to see some group dole we well, and tht of bristol-myers -- >> we mentioned that the nasdaq was positive on the month and it just went negative, so we did jinx that. over to bob pisani on the floor. >> oil is up at a six-month high, and chevron and exxon up, but 28 other stocks to the dow are to the downside. rough seas over in the emerging markets, and indian and philippine and
for work? automation and technology make it so that in fact we need fewer human hands in a bunch of arenas where we used to so that means we have to think about work quite differently and about the society needs for the contribution. and i think that we will have our best chance at getting to some of those changes if we have a really fully multiracial, multi justice movement and that is explicit about race and the way that gordon has mentioned that engages everybody that has a stake in taking their racial order a part. the changing demographics of america present such an opportunity for us. we are coming into a period that we can redefine what it means to be american because for too long that has been a title that has been captured and owned by white folks. and many of us that have been here for 200, 300 years, since the very beginning since before there were white folks, you know, it really is not feeling like we were american. we were the other. so we are in a moment where we are getting ready to actually calotte back and own what it means to be american and i think from that will come a
. she says the halt was serious and she reinforce our collective commitment to addressing technological vulnerabilities of exchanges. former s.e.c. chief harvey pitt weighed in on cnbc's "kudlow report." >> this should not have happened. and the inability to tell people which securities would trade and which were opening ahead of others, that's pure chaos and it is wholly unacceptable. >> nasdaq chairman and ceo will be on u.s. "squawk box" today on a first on cnbc interview. that's at 7:30 a.m. eastern. head to our website to find out what is next for nasdaq. a number of analysts say the stock exchange's credibility is likely to bare the brunt of the fallout with the implications limited for broader trading and u.s. stocks, all on cnbc.com. >>> the nasdaq flash freeze is the latest in a stripg ng of trading snafus in recent years. the flash crash in 2010, that botched that ipo, the fake ap tweet and the erroneous trades earlier this week from goldman sachs all raised questions about whether market participants are comfortable with the risk computer glitches can cause to markets. do you
. i can tell you - safety is at the heart of everything we do. we've added cutting-edge technology, like a new deepwater well cap and a state-of-the-art monitoring center, where experts watch over all drilling activity twenty-four-seven. and we're sharing what we've learned, so we can all produce energy more safely. our commitment has never been stronger. >>> it is time -- it is time for the "lightning round" on lightning round. josh in new york, josh? >> caller: hey, jim, how's it going? boo-yah. >> boo-yah. >> caller: i have a question about the most wildly successful stock i bought in a while, questcor, qcor? do you think it's looking up in the future and going to keep skyrocketing like it is today? >> this is a stock that got slammed by the shorts. they drove it down to the 20s, tested my patience with it, tested my mettle. my mettle failed. i got this wrong, it came all the way back, i should have never wavered, it's had a big run, it's not up to me anymore. i called this one wrong. and i put a light to the fact that i got it wrong because i wavered when i should have been tel
's prime minister wants. he's visiting gulf states to sell them japanese nuclear technology. he want the reactors at home back working and to build more. his supporters say it is an economic and strategic necessity. translator:>> both china and south korea are building many new plants and trying to export technology. it is inferior to the japanese technology. we need to export it. reporter:>> japan can market itself as learning from its mistakes. but others say the discovery at fukashima dai-ichi of new radiation leaks will turn many japanese against nuclear power again. >> these power plants are sort of leaking like supervisors if you like. that, i think, is, in fact shocking people again into rethinking their rethought positions. public opinion is very, very fragile. reporter:>> but the japanese economy is fragile too, fossil fuels imported to replace nuclear power are costing japan 40 billion a year. japanese will have to decide which is more expensive, fixing their damaged nuclear industry or living without it. al jazeera, tokyo. >> coming up shortly, we'll have all the latest ac
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